ES Journal Archive (2009 - 2010)

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Quote from petty1978:

NIN hello! What is your current analysis on Oil (QM or CL)?

As you know I am long to 79.75 and this trade is taking WAY too long...do you have an opinion short term (10 trading days)? My stop is 63 level.

Thanks!

EDIT: If the ES decided to dip to 960 before 1126, what effect on OIL would you expect?

Just trying to pick your mind...
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Wouldn't raise an eyebrow before 76.00

960...if and when...probably around high 60s...could roll over big time ...depends if #s indicate continued drop in production output..

would like to see euro roll to 11400...might just be time for a "buy"..pure speculation though.
 
Quote from Now is Now:

Wouldn't raise an eyebrow before 76.00

960...if and when...probably around high 60s...could roll over big time ...depends if chinks #s indicate continued drop in production output..

would like to see euro roll to 11400...might just be time for a "buy"..pure speculation though.
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Its always just speculation :) Thanks a million!
 
this action sucks. all the candles are messy, its tough to stay in trades with price chopping everywhere.

To make matters worse different timeframes have divergences in my long / short convictions.

And if we pushed down today, it would have been a lot cleaner

oh well.
 
Quote from wiesman02:

this action sucks. all the candles are messy, its tough to stay in trades with price chopping everywhere.
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That sell off into the close yesterday brought out a lot of sellers... but market is trying to rise despite them... if prices get high enough there will be a stop cascade (upward).

Candles are doing their job - telling you that there is a lot of indecision.
 
trend pretty better than crude. I was whipsawed by crude, make my broker richer, they love it.
that is why I play the sucker's game, not the rogue "you must print this price, you must trend neatly" game.

Quote from wiesman02:

this action sucks. all the candles are messy, its tough to stay in trades with price chopping everywhere.

To make matters worse different timeframes have divergences in my long / short convictions.

And if we pushed down today, it would have been a lot cleaner

oh well.
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Another good call for a long....

Quote from emg:

plan on going short 1088.50
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Was posted around 82, we reached 86 twice already...

So he hasn't made anything yesterday and today (because of cancellation of targets), but the reverse strategy made 5-5-4 pts....
 
Weekly chart is kinda looking bullish especially given last week's run back up. On the weekly chart, I would be a buyer. Daily isn't looking bad either if we do not reverse into the close. 1126 may be in the cards by weeks end.

I'm sitting back and watching @ the moment.
 
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